HC Wainwright Forecasts Strong Price Appreciation for U.S. GoldMining (NASDAQ:USGO) Stock

U.S. GoldMining (NASDAQ:USGO) had its price target hoisted by investment analysts at HC Wainwright from $24.00 to $26.50 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s target price points to a potential upside of 261.04% from the stock’s previous close.

U.S. GoldMining Stock Down 5.9 %

Shares of USGO opened at $7.34 on Tuesday. U.S. GoldMining has a 52-week low of $5.00 and a 52-week high of $14.46. The stock has a fifty day simple moving average of $9.78 and a two-hundred day simple moving average of $7.83.

About U.S. GoldMining

U.S. GoldMining Inc, an exploration stage company, engages in the exploration and development of mineral properties in the United States. The company's primary asset is the 100%-owned Whistler exploration property, a gold-copper exploration project comprising mining claims totaling 53,700 acres located in Yentna Mining District, Alaska.